Meggitt plc 12% Potential Upside Indicated by Berenberg

Broker Ratings

Meggitt plc with EPIC/TICKER (LON:MGGT) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Berenberg. Meggitt plc are listed in the Industrials sector within UK Main Market. Berenberg have set a target price of 610 GBX on its stock. This is indicating the analyst believes there is a potential upside of 12.0% from the opening price of 544.4 GBX. Over the last 30 and 90 trading days the company share price has increased 30.4 points and increased 15 points respectively. The 1 year high share price is 583.8 GBX while the 52 week low for the stock is 410.01 GBX.

Meggitt plc has a 50 day moving average of 516.34 GBX and a 200 Day Moving Average share price is recorded at 528.18. There are currently 776,875,371 shares in issue with the average daily volume traded being 2,014,016. Market capitalisation for LON:MGGT is £4,188,912,095 GBP.

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